**Stratus Properties Inc. Reports Q1 2026 Earnings**
Stratus Properties Inc. (STRS) recorded a Q1 2026 net income of $6.6 million, or 82 cents per share, reversing a net loss of $2.9 million, or 36 cents per share, from the previous year. Despite this improvement, the company’s shares have declined 0.9% since the earnings announcement, underperforming the S&P 500’s 0.1% growth.
Total revenue fell by 24.8% year-over-year to $3.8 million, influenced by decreased leasing revenues linked to asset sales. The notable sale of Kingwood Place in Kingwood, Texas, for $60.8 million contributed approximately $16.2 million in net proceeds, boosting consolidated operating income to $15.4 million from a loss of $3.6 million a year earlier.
As part of a liquidation strategy approved on March 24, 2026, Stratus aims to sell substantially all assets, with potential distributions estimated between $29.73 to $37.69 per share, pending shareholder approval on June 1. The company ended the quarter with $73.5 million in cash and $143.8 million in consolidated debt.
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